Tax Crimes Don’t Pay
Tax crimes don’t pay. Just ask the dozens of individuals recently prosecuted for everything from illegally obtaining Paycheck Protection Program loans to falsifying tax returns. An Arkansas businessman pleaded guilty to tax evasion, failing to pay $240,000 by operating his business on a cash-only basis. A Florida man admitted to causing $3.5 million in tax losses by selling fraudulent syndicated conservation easements that could be used to illegally shelter income. And a Colorado employer was nabbed because he didn’t pay $700,000 in employment taxes he had withheld from workers’ paychecks. You can help avoid legal trouble by always working with reputable and experienced tax advisors.